News / Features

Real Estate in Brief: Startups fuel home values, the cities on-track for housing boom and more

Startup hotbeds like San Jose are seeing higher shares of million-dollar home values than the rest of the country, while rust belt cities seem to be lagging behind. LendingTree collected data from over 150 million U.S. homes and ranked

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This Week in Miami Real Estate: Historic homes in danger, slower property value growth and more

The Coconut Grove home of late conservationist, women’s suffrage activist and author Marjory Stoneman Douglas is considered a National Historic Landmark, but its future may be in jeopardy. The Miami New Times reported that the home made it onto

Online home value estimates: 6 things every agent needs to know

Online home value estimates continue to shake up the industry, and they are only going to have a bigger role in the homebuying and selling process as technology improves. Though these tools might cause headaches for agents, it’s clear

Miami home prices rose faster than average in May

Reflecting a nationwide trend, Miami home prices jumped significantly in May even as closed sales and the number of new listings had an uneven month. Median sales price for single-family homes and condominiums in Miami-Dade both increased in May,

Zillow: Affordability is at the lowest point since 2009

The burden of rising mortgage rates has become a reality for many homeowners in recent years as buying a home is the least affordable it’s been in over a decade, according to a report from Zillow. Both rising mortgage rates

CoreLogic: Home prices see largest jump in four years

Home prices saw their highest jump in years and show no signs of slowing down, according to the Home Price Index and HPI Forecast for May 2018 from CoreLogic.  CoreLogic reported a 7.1 percent year-over-year rise in home prices from May

Homebuying trends among baby boomers

In recent years, baby boomers are accounting for a smaller portion of the homeowning population, currently just 25 percent, and a new report finds that they typically prefer not to take advantage of the technology available to streamline the

Compass to open Naples office

Compass announced the building of a new office in Naples. According to a press release, Gary Nolan will lead the team as the sales manager. Nolan previously served as the vice president of Sanders and Associates in the Hamptons.

Miami Gardens loses discriminatory lending suit against Wells Fargo

The city of Miami Gardens, part of Miami-Dade County, lost a lawsuit filed against Wells Fargo alleging the bank discriminated against mortgage borrowers because of their race. U.S. District Judge Federico Moreno dismissed Miami Gardens’ claims against Wells Fargo

Real Estate in Brief: Tariffs increase home prices, Zillow announces public stock offering and more

A nationwide total of 850,000 single-family home starts last year will still not be enough to aide the housing shortage crisis across the country as demand continues to increase. To make matters worse, materials are getting more expensive, making

Rising mortgage rates are not deterring buyers

A new study by Redfin indicates that despite rising mortgage rates, soon-to-be buyers are still in the market, even if it means making some compromises. Last month, Redfin conducted a survey of more than 4,000 people who bought or

How the luxury market is shifting across the country

Millennials have begun to monopolize the home-owning population, and as a result, cities across the country are transforming into some of the hottest luxury markets for the first time. The Institute for Luxury Home Marketing just released their latest

Two Florida cities among top 25 for adding millionaires by selling their home

Since 2001, 67 people in Miami-Dade County became millionaires by selling their home. Investing in real estate has been considered one surefire way to become a millionaire, specifically purchasing a home then selling it later for a higher cost.

Millennial homebuyers worked overtime, sold cryptocurrency for down payment savings

To make ends meet while saving up for a down payment, cash-strapped millennials are getting creative. A Redfin survey of 2,000 millennial homebuyers (age 24 to 38) found nearly four in 10 took on a second job to accrue

Homebuying trends among Gen X

As millennials begin to take over the homeowning population, Generation X buyers are making up a smaller portion of the housing market, accounting for just 30 percent of it. MetroStudy partnered with Zillow to discover and analyze trends in

Which summer features increase home values most?

Homes listed with summer features can be sold for nearly 10 percent more than homes without them. To figure out which features were the priciest and most sought after, realtor.com conducted a study by looking at homes listed on

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